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STATEMENT OF CASH FLOWS (UNAUDITED)
$ in Thousands
 2 Months Ended
Sep. 30, 2024
USD ($)
Cash provided by (used in) operating activities  
Net decrease in net assets resulting from operations $ (35,124) [1]
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash used in operating activities:  
Purchases of Bitcoin (443,672) [1]
Proceeds from Bitcoin sold to pay redemptions and expenses 23,774 [1]
Net realized (gain) loss 3,324 [1]
Net change in unrealized depreciation 31,309 [2]
Change in operating assets and liabilities:  
Sponsor's Fee payable 0 [1]
Net cash used in operating activities (420,389) [1]
Cash provided by financing activities  
Proceeds from issuance of capital shares 443,672 [1]
Payments for capital shares redeemed (23,283) [1]
Net cash provided by financing activities 420,389 [1]
Cash  
Net increase in cash 0 [1]
Cash, beginning of period 0 [1]
Cash, end of period 0 [1]
Supplemental disclosure of noncash operating activities  
Transfer of Bitcoin to pay for Sponsor's Fee 491 [1]
Supplemental disclosure of noncash financing activities  
Transfer of Bitcoin from Initial Distribution $ (1,756,821) [1],[3]
[1] No comparative financial statements have been provided as the Trust’s operations commenced on July 31, 2024. Prior to the commencement of operations on July 31, 2024, the Sponsor redeemed the initial seed capital of 10,000 shares for $100,000.
[2] No comparative financial statements have been provided as the Trust’s operations commenced on July 31, 2024. Prior to the commencement of operations on July 31, 2024, the Sponsor redeemed the initial seed capital of 10,000 shares for $100,000.
[3] Represents the impact of the Initial Distribution of 26,935.83753443 Bitcoin, with a value of approximately $1,756.8 million from Grayscale Bitcoin Trust (BTC), completed on July 31, 2024, as discussed in Note 4.